Concerns in credit markets reported to be easing

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Dear friends,

 

When JUPITER, as 6th lord of financial stability (including willingness to lend, the ability to repay loans and cost of credit) became conjunct the transit stationary RAHU in Capricorn and the 7th house in February 2009 and in March moved into conjunction of natal 2nd lord SUN at 23° 44' Capricorn in the SAMVA USA chart, it was predicted that financial tensions might intensify. As Jupiter and Sun rule banks, the aspect was also disruptive for their indications. It is a fact that such types of tension increased sharply in the second half of January and lasted into April 2009. Well, now that such aspects are for the most part gone, the financial concerns are reported to be easing in terms of the above

noted indications.

 

 

Libor Falling Fastest Since January on Credit Revival

April 14 (Bloomberg) -- The London interbank offered rate for three-month dollar loans is dropping at the fastest pace since January as bankers gain confidence that the worst of the financial crisis is over. ..."Not so long ago the main worry was whether the bank you’re dealing with was going to be around in three months time," said Ira Jersey, head of U.S. interest-rate strategy at RBC Capital Markets in New York. "Now that concern is on the back burner. We’re going to see Libor coming down steadily." ...Libor, the British Bankers’ Association interest rate that determines borrowing costs on about $360 trillion of financial agreements ranging from home mortgages to corporate bonds, fell to 1.12 percent today from 1.32 percent a month ago. The fastest drop since the start of the year, when the rate tumbled to 1.08 percent

on Jan. 14 from 1.42 percent nine days earlier, coincides with President Barack Obama’s efforts to restore the economy and the banking system to health.... Libor will decline to 1.04 percent by June, according to the average forecast of 12 banks on the BBA’s Libor panel surveyed by Bloomberg News April 6 through April 9, compared with 1.21 percent in a survey last month. Societe Generale, which bet on Libor rising as recently as February, says the rate will fall to 0.98 percent by the end of the quarter. "There is a cautious optimism evolving that things are beginning to get better," said Dominic Konstam, head of interest-rate strategy at Credit Suisse in New York. He predicts Libor may drop to about 0.75 percent this year. "There’s a sense that things are going to go relatively smoothly through April with Libor continuing to fall."

http://www.bloomberg.com/apps/news?pid=20601087 & sid=a52Kn9AjaszU & refer=home

 

With the aspect of transit 8th lord SATURN applying to the 2nd house of the chart, we could expect to see some more obstructions for the USA relating to its wealth, status and relations with other countries.

 

Best wishes,

 

Thor